Rera Impact On Real Estate Market | Smart Property in India

RERA(real estate regulatory authority) is an act of 2016 which is made to protect the interest of home buyers and also to regulate the correct delivery of the project. this is to bring the transparency in real estate sector which was having many ambiguities earlier. It was complained  that real estate sector had many lopsided transactions which favoured builders or developers, so to remove all the complications between buyers and seller this act has been made.

although RERA is a central act but the authority to implement is totally on state govt as it is a state subject. this act is mandatory for each state and union territory to make their own regulator and frame the rules which are helpful for the functioning of regulator body.

Functions of RERA

The primary function of RERA is to protect the interest of home buyers and create a robust redressal system for any discrepancies in the project. To prevent the time lag an authority has been mandated to make an application within a time frame of 60 days.

Rules and effects of the act

1 Sharing information project plan, layout, government approvals, land title status, sub-contractors.

2 asserts on timely completion of projects and delivery to buyers.

3 cannot show any advertisements without registration on RERA

4 Formation of resident welfare association within three months after a majority of units have been sold.

5 Quality of construction increases due to defect liability period given to contractors.

What happens earlier was the fund collected for any real estate project was deployed in some other projects. to protect this diversion, the promoters are now required to invest 70 percent ot the project receivables in a separate reserve account. that fund will be used in land and construction purposes only

RERA News 

Which projects come under RERA

1 Commercial and residential projects including plotted development.

2 Those projects whose size is more than 800sq ft or 8 units

3 Projects without the completion certificate (CC) or occupancy certificate (OC) are also required to comply with the registration requirements under the Act

Apart from RERA'S outcomes and implication it was comes under the knowledge that with the advent of it,competition will be decreased as small developers who offer some price relief packages might cease to exist which is not a good news for us.

What is GST?

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Mahindra Palghar New Launch Project in Mumbai

Mahindra Lifespace developer, the trusted real estate developer is coming with the new iconic residential project with world class features and amenities at Palghar in the Dream City Mumbai. Developer presents this beautiful residential project with the name of Mahindra Palghar. This project offer brilliant 1 BHK, 2 BHK and 3 BHK luxurious and super spacious residential suites in your budget. This residence is surrounded by the healthy and peaceful environment. The accomplished architectonics is being done by using latest and advanced technologies.  Mahindra Palghar project is located at very clean and green surrounding region of Mumbai city. Palghar location is the suburban region of the city and has a great connectivity to the other part of cities. 

Mahindra Palghar Specification

The whole construction of the Mahindra Palghar residency is RCC frame structure based which protect the building from natural hazards. Each apartment of the projects are well ventilated and spacious. Every flat is attached to a large window and balcony space which allows ample of sunlight to every corner of living space. Rooms are decorated with modern interiors and wall hanging designs. Each flat includes with fully furnished luxurious living room, bedroom, kitchen and dining hall. Split ACs are used in every flat of this residency. There is a large terrace space with garden and relaxation zone in every apartment of the project. Rooms are decorated with quality tiles, vitrified and marble fitting flooring tiles. 

This marvelous residential project includes with well maintained features-

Gymnasium & indoor gaming room, 

Swimming pool & garden

Kids play region

Hi-Tech security system

CCTV camera at every wing of the apartment for the security of the residency

Water park & underground parking region for vehicles 

Water supply, electrical power backup and fan spaces etc

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L&T Realty Raintree Boulevard Offers Premium Flats at Utmost Region Hebbal in Bangalore

L&T Realty presents a new premium lifestyle township project name as L&T Realty Raintree Boulevard at very beautiful location Hebbal in Bangalore. L&T Realty group has a big name in real estate realm and known for providing premium township project. Group launch this premium project with world class amenities and features. The development of the project is widely spread over 65 acres of land having most charming greeneries. This residency includes with 2 BHK, 3 BHK and 4 BHK residential suites and offers a luxurious lifestyle to its residents. The whole project is surrounded with the healthy and peaceful environment. The accomplished architectonics is being done by using latest technologies under the guidance of the experienced team of engineers and architect.

L&T Raintree Boulevard is strategically located at Hebbal, Bangalore and provides direct connectivity to nearly all other major point of the city. The location of the project is near by the 10+4 lane road ie NH-7 and AH43 by which you can easily travel from one place to other places. This location also provides faster connectivity through flyover Expressway and BAIL Airport. This location is one of the most reputable locations of the city with easy access of famed schools, recreation areas, shopping malls, gardens and public amenities. This area is also equipped with some reputed hospitals such as Columbia Asia, Cauvery Medical, Baptist Hospital, Prolife Hospital and many more. This location is also famous for higher education because many famous colleges like BMS IT college, Presidensy, Sindhi College, Reva institute, Aditya and NITTE college etc are present there. 

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WHAT IS GST | Advantages of GST

ANS: GST (Goods and Services Tax) are the  Goods and Service Tax. it was launched on 29th March 2017 in India And effect came from 1st July 2017. in whole Nation GST is an indirect tax, this makes India one unified common market in the GST.

we have to buy a product in any city in the same price.GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage. GST Law has replaced many indirect tax laws in India. In the GST Goods and services tax are high. It is a single tax on the supply goods and services, right from the manufacturer to the consumer.

Advantages of GST:

1) – Removing cascading tax effect

2) – Higher threshold for registration

3) – Composition scheme for small business

4) – Online simpler procedure under GST

5) – Lesser compliances

6) – Defined treatment for E-commerce

7) – increased efficiency in logistics

8) – Regulating the unorganized sector

9) -GST will also help to build a transparent and corruption-free tax administration.

To know Good Information visit us: Smart Property in India

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Godrej the Trees is the Brand New Residential Apartment in Vikhroli East Mumbai

Godrej Group is one of the India's leading property development with their key factors such as built on trust, innovation and knowledge-leadership. This group is going to establish their latest residential project name as Godrej the Trees at the foremost place Vikhroli East in Mumbai City. Godrej the Trees offers splendid residential apartment 1 BHK, 2 BHK, 3 BHK and 3 BHK flats with creative thoughts and modern design. This project spread over large open spaces with 34 acres of land with water bodies, greenish landscape and beautiful garden. Now, this group provide golden opportunity so you should invest in this residency.

Godrej the tree is located in Vikhroli which lies in the north east of Mumbai and provides easy access to all suburbs through the roads that run through it. This area is one of the peaceful suburb of Eastern Mumbai with best connectivity via bus, taxes, auto-rickshaws, can etc. Railway station and roadways are the major connectivity for the people. In recent time, national highways, expressways are majorly connected with cities and towns. There are number of educational institutes, schools, and university for the development of child. In this residency you will be hesitant to go shopping malls, complex, multiplexes, marketplace, branded shops, theater, entertainment hotspot etc.

Godrej The Trees residential township build by the expert team in the Vikhroli East Mumbai. Apartment consists of luxury flats including beautiful living room, master bedroom, other bedroom kitchen build by vitrified tiles while balcony build by ceramic tiles and Toilet build by Anti skid tiles. Fitting of main door with teak wood frame and shutter and in kitchen area it is fitted by granite platform with stainless steel sink, wall are beautifully painted with oil bound distemper and emulsion paints. 1 BHK flats with carpet area 476-573 square feet, 2 BHK flats with carpet area 722-856 square feet, 3 BHK compact flats with carpet area 889-959 square feet, 3 BHK flats with carpet area 1077-1397 square feet and 4 BHK/ duplex/ penthouse flats with carpet area 1754-2338 square feet.

Features of Godrej the Trees

Clubhouse facilities,
24*7 hrs security system
Jogging and cycling track
Library with lots of books and novels
Swimming pool
High speed elevators
Relaxation zone
Solar energy conservation
Water and electricity supply
Sewage treatment plant
Well-equipped body fitness centre
Underground parking area
Rain water harvesting
Landscape garden and playground
Maintenance staff

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Godrej Emerald Offers Luxurious Apartments at Ghodbunder Road Thane

Godrej Emerald is the new launch residential project by Godrej properties at Ghodbunder Road Thane, Mumbai which covers all the residential facilities and amenities. Godrej developer is one the famous and leading real estate giant which is known for its quality work and unique projects. Developer launched this luxurious project with 1.5 BHK, 2 BHK and 3 BHK flat configurations and the carpet area for 1.5 BHK flats is 470-490 sq ft, 2 BHK is 620-703 sq ft and 3 BHK is 827-920 sq ft. This enormous residential project Godrej Emerald will cover 15 acres of the land area comprising amazing residential spaces made out of distinct designs and specifications. This project assures you to provide comfortable and luxurious lifestyle.

Ghodbunder road Thane has a great road connectivity through Eastern Express highway, Kolshet road, Western express highway and national highway-3. This place has key number of fastest and smooth transport services like air transport, metro railway and further transport services. You will enjoy the immediate access to the Western and central suburbs of the city. Godrej Emerald Thane project is situated at one of the liveliest locations of the Thane, where every kinds of social amenities like medical care centres, bank sectors, ATMs, social hubs, schools and educational institutes are available. Thane location is the best place for career growth because many IT/ITES companies, business sectors, manufacturing industries, MNCs companies are running there. This location is surrounded by beautiful lush greeneries, plants, water bodies and green landscapes.

Apartment Overview

Godrej Emerald Thane is the most delightful residential project which is created by the unique and elegant exterior and interior designing. The whole project is constructed by the latest and advanced technology in the direction of the experienced team of architect and engineers. Every flats are well featured and decorated by latest furniture design and wall hanging designs. Each apartment have luxurious bedroom, master bedroom, living room, dining hall and modular kitchen. Rooms are decorated with marble, granite flooring and vitrified tiles. This project is equipped with every kinds of luxurious amenities for comfortable and lavish lifestyle.

Amenities

Well equipped Club house
Body fitness Centre
Multipurpose Court
Swimming pool
Party hall
Kids play area and garden
Jogging and cycling track
plantation and flowering region
indoor and outdoor games
intercom facility
Wi Fi connectivity
24 hrs electricity and water supply
Underground car parking zone
Hi tech security system with CCTV surveillance
Rain water harvesting system
Firefighting equipment
Tennis and badminton court
Lifts and elevators at every wing of apartment

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Oberoi Sky City offers Specious Residency in Borivali East Mumbai

Oberoi Group established a splendid housing project name as Oberoi Sky City situated in the prime location Borivali East, Mumbai which is well known as financial capital of India. This developer builds splendid residential and commercial residential township with their creative mind and modern thoughts. Oberoi Sky City is one of the marvelous projects in the Borivali location which provide 3 BHK and 4 BHK flats with contemporary design and modern infrastructure. This project has the number of facilities including inside and outside of the residence. This project has fully secured by the 3-tier security system with CCTV camera. The apartment consists of airy rooms, modular kitchen, vitrified and granite tiles, marble flooring etc.

Oberoi Sky City project spread over large open space with a lush green environment, water bodies, greenish landscape. Borivali East is one of the best places for the IT sector, industries, business park etc. If you move outside the apartment you can see multiplexes, malls, shopping complex, Banks, ATM's, recreation zone, hospitals, nursing home, medical shops, restaurants, market place, cinema etc. People of Borivali travel by public transport like bus, train, cab, taxi it is an easy and cheap convenience. You should buy your dream home in Oberoi Sky City Borivali residential property. This group provide sumptuous amenities like

Facilities of Oberoi Sky City 

Clubhouse facilities
Swimming pool
Cycling and jogging track
24 hrs water and electricity supply with power supply,
Maintenance staff, yoga center
Playground and beautiful garden
Kid's playing area, senior citizen region
Intercom facilities
Underground parking area
High-speed elevators
Rain water harvesting

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